Answer:
The answer is $ 200,000
Explanation:
The net income reported by Goodman Auto for the year was,$475,000 - $275,000 = $ 200,000.
The net income is difference between revenue earned by the company and expenses incurred in order to earn this revenue. In the problem goodman auto revenue is equal to 475,000 and expense are 275,000. So the difference between 475,000 and 275,000 will be reported as net income.
Answer:
The present value of the promised gift will:
be less than $5,000.
Explanation:
The present value of $5,000 to be received in three years' time from today is less than $5,000 received. This is explained by the time value of money concept. If the $5,000 gift is discounted to today's value, using a discount factor of 0.751 (10% in three years' time), it would be $3,755 ($5,000 * 0.751). This means that $5,000 received in year 3 is less than $5,000 received today.
Answer:
Jury of Executive Opinion
Explanation:
Jury of Executive Opinion method of sales forecasting employs the views of to management in various section. They are are experienced and have good knowledge of the market factors and are able to predict the expected sales. They are able to forecast sales figures through estimates and previous experiences. All internal and external factors are taken into account. Their judgements are pooled together and averaged in drawing the sales forecast of Kryptos Inc.
Answer:
See below
Explanation:
Option of whether Pine street Inc. should sell unfinished book cases
Sales per unit
$59
Less:
Variable cost per unit
$37
Contribution per unit
$22
Less:
Fixed cost
$10
Operating profit
$10.
Option of whether Pine street inc. should sell finished book cases
Sales per unit
$75
Less :
Variable cost per unit
$8
Contribution per unit
$67
Less :
Fixed cost
$10
Operating profit
$57
Therefore, it is recommended that Pine street inc. should sell finished book cases because that would yield the highest operating profit.
